At the opening of trading on March 4, Hong Kong stocks adjusted again, and Tencent, the king of Hong Kong stocks, also fell again, once approaching HK $400.
As of the close, Tencent’s share price was HK $403.2, down 3.7%, and its market value was less than HK $4 trillion.
A few days ago, Duan Yongping, an investment tycoon, once again copied the bottom of Tencent.
Duan Yongping said again on the 28th Beijing time: “Tencent is lower than the price I bought last time. Then buy some more tomorrow.” Later, he posted his order record in the comment area and threw more than $5 million. After “bottom reading” Tencent last August, Duan Yongping copied the bottom again.
Source: microblog
Coincidentally. According to the latest information, Tencent holdings, the third and fourth largest overseas Chinese equity funds, increased their positions simultaneously in January.
First of all, the third largest overseas Chinese Equity Fund. The third largest overseas Chinese equity fund is UBS (Lux) Equity Fund – China opportunity (USD) under UBS, with the latest scale of USD 7.3 billion.
Source: Morning Star
The fund is managed by Shi bin, a famous overseas investment general. The portfolio changed significantly in January. Tencent, the largest heavy position stock of the fund, increased its position by 100%. Among the top ten heavyweight stocks, the fund reduced its positions slightly by China Merchants Bank Co.Ltd(600036) and HKEx, and also significantly reduced its holdings of Ping An Insurance (Group) Company Of China Ltd(601318) .
By the end of January, the top ten heavyweight stocks of the fund were Tencent holdings, Kweichow Moutai Co.Ltd(600519) , Netease, China Merchants Bank Co.Ltd(600036) , Ping An Insurance (Group) Company Of China Ltd(601318) , HKEx, Shijiazhuang Pharmaceutical Group, Alibaba, Ping An Bank Co.Ltd(000001) , AIA group, etc.
The fourth largest overseas Chinese equity fund also comes from JPMorgan Funds – China Fund A under Morgan asset management, with its latest scale of US $6 billion.
In January, it increased its position with Tencent holdings by 100% with the “God synchronization” of China’s third largest overseas stock fund. In addition to Tencent holdings, it also increased its positions, including meituan, Yaoming biotechnology, Netease, Ping An Insurance (Group) Company Of China Ltd(601318) .
In January, the fund reduced its holdings of Alibaba and country garden.
Source: Morning Star
Besides the buyer, the seller also actively sings more.
For example, CICC published a research report that Tencent’s TenPay announced to further reduce the payment service fees of small and micro merchants and provide 10% discount for qualified small and micro merchants from September 1, 2021 to September 30, 2024. CICC estimates that Tencent’s payment business will reach 120130 billion yuan in 2021, and the overall impact of the fee reduction is limited. It also means that Tencent has always paid more attention to improving the user experience and business scale, and the profit is a less important consideration. It believes that the fee reduction highlights its social responsibility and is consistent with the consistent strategy of financial business. The bank maintained its revenue and profit forecast and “neutral” rating for Tencent from 2021 to 2023, with the target price of HK $527 unchanged.
Recently, overseas Chinese equity funds have successively disclosed their positions at the end of January, and the Chinese investment trend of foreign giants has surfaced.
the world’s largest Chinese equity fund reduces its holdings of “ningwang”
Recently, Allianz China A-share fund, the world’s largest Chinese equity fund, announced the position changes in January. In January, Allianz China A-share fund reduced its holdings of Contemporary Amperex Technology Co.Limited(300750) 10.56% and Yunnan Energy New Material Co.Ltd(002812) 12.23%. Allianz Shenzhou A-share fund increased its holdings of Citic Securities Company Limited(600030) , China Merchants Bank Co.Ltd(600036) , Fenjiu Group, Wuliangye Yibin Co.Ltd(000858) , Midea Group Co.Ltd(000333) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) .
Allianz China A-share fund is a Chinese stock strategy product invested by European asset management giant Allianz in overseas issuance, with the latest scale of 9.783 billion euros. By the end of 2021, it was the largest overseas equity fund in China and the largest natural equity fund in the world.
As of the end of 2021 by the end of 2021 at the end of 2021 at the end of 2021 at the end of 2021, the top ten heavy warehouse shares of the fund are Contemporary Amperex Technology Co.Limited(300750) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\yes.
Among them, Contemporary Amperex Technology Co.Limited(300750) is the largest heavy stock of Allianz China A-share fund, and Allianz China A-share fund is also one of the funds holding Contemporary Amperex Technology Co.Limited(300750) most in the world.
Allianz China A-share fund wrote in the letter Phi material for specific market investors: the current situation in China is similar to that in 2018. In 2018, the government took action to deal with structural problems, such as the leverage of shadow banks. Under strict supervision, economic growth slowed down. There was a significant increase in the stock market. After the adjustment, the stock market recovered. Similarly, the government’s policy has also been adjusted this time. This adjustment is beneficial to the valuation of the stock market. It is expected that the macro environment will tend to be stable and improve the momentum of economic activities. The January portfolio operation is mainly reflected in two aspects: buying stocks that have been promising but have recently become attractive again. At the same time, increase which companies benefit from the expansion of fiscal policy. By the end of January, the most significant high configuration industry was optional consumption, and the most significant low configuration industry was media.
Source: Morning Star
overseas second largest Chinese Equity Fund reduction Contemporary Amperex Technology Co.Limited(300750)
Coincidentally, the second largest overseas Chinese equity fund also reduced its holdings of Contemporary Amperex Technology Co.Limited(300750) .
In January, “JPMorgan Funds – China A-share Opportunities Fund” under Morgan asset management also slightly reduced its holdings of Contemporary Amperex Technology Co.Limited(300750) , with a reduction rate of 1.99% In addition to Contemporary Amperex Technology Co.Limited(300750) , the fund also reduced its holdings of Wuliangye Yibin Co.Ltd(000858) and Midea Group Co.Ltd(000333) by 1.28% and 8.26% respectively. Among the top ten heavyweight stocks, the fund increased its holdings of Tongwei Co.Ltd(600438) . As of the end of January at the end of January at the end of January, the top ten heavy warehouse shares of the fund at the end of the month, the top ten of the top ten of the fund at the end of the month. As of the end of the month at the end of the month, the top ten of the top ten of the top ten of the fund, the top ten of the top ten of the fund, the top ten of the ten most heavy warehouse shares at the end of the end of the month. The top ten most ten of the top ten of the top ten of the fund at the end of the month of the end of the month of the month. The top ten of the top ten of the top ten most ten most heavy warehouse shares of the fund is . At the end of the end of the end of the end of the end of the month. The end of the end of the end of the end of the end of the end of the month of the month, the end of the end of the month of the month, the end of the end of the end of the month, the end of the month, the month, .
The latest scale of this fund is 45 billion yuan, which is the second largest overseas Chinese Equity Fund.
Source: Morning Star
overseas fifth largest Chinese Equity Fund significantly increased its position S.F.Holding Co.Ltd(002352)
Schroder international selection fund China a, the fifth largest overseas Chinese equity fund, and Schroder international selection fund China A shares, with the latest scale of US $5.1 billion.
Source: Morning Star
The fund increased its position by a substantial margin of . Over the same period, the fund reduced its position by Hongfa Technology Co.Ltd(600885) 165%. In January, the fund increased its positions slightly in Ping An Insurance (Group) Company Of China Ltd(601318) , China Merchants Bank Co.Ltd(600036) , Kweichow Moutai Co.Ltd(600519) , Hengrui medical, China Jushi Co.Ltd(600176) .
overseas sixth largest Chinese equity fund holdings Kweichow Moutai Co.Ltd(600519)
The sixth largest overseas Chinese equity fund, Fidelity Funds – China Consumer fund, a new driving force for Chinese consumption under Fidelity International, slightly reduced its holdings of Tencent holdings in January and increased its holdings of Li Ning, AIA group and Kweichow Moutai Co.Ltd(600519) .
Source: Morning Star
overseas 7th largest Chinese Equity Fund reduction Contemporary Amperex Technology Co.Limited(300750)
The 7th largest overseas Chinese equity fund comes from Aberdeen standard SICAV I – China a share equity fund under Aberdeen standard investment, a European asset management giant In January, the fund reduced its holdings of each of the top ten heavyweight stocks. Including China Tourism Group Duty Free Corporation Limited(601888) 6.96%, Kweichow Moutai Co.Ltd(600519) 4.29%, Contemporary Amperex Technology Co.Limited(300750) 0.06%, Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) 9.44%, Midea Group Co.Ltd(000333) 10.45%, Longi Green Energy Technology Co.Ltd(601012) 8.84%.
Source: Morning Star
Da Mo: Chinese stocks are more optimistic about A-Shares
Recently, in the peripheral environment of rising uncertainty, foreign institutions are also building patience among investors and expressed positive views on a shares.
The research report released by Damascus on March 3 said that under the recent geopolitical risk, the investor sentiment of A-Shares was affected. However, Morocco expects China to launch more fiscal stimulus policies. The investment bank advised investors to be patient and wait for a better buy. Within Chinese stocks (A shares, Hong Kong shares or overseas listed ADR), it said it was more optimistic about a shares. Because when global uncertainty rises, A-Shares are more likely to enjoy the benefits of policy relaxation. At the same time, China’s investor group is also more stable than global investors.
